Cryptopolitan
2021-09-20 02:35:18

Litecoin price analysis: LTC under stark decline after rejection at $190, will bulls hold $170?

TL;DR Breakdown LTC sell offs push price down past moving averages after facing rejection at $195Price dropped over 4 percent on intra-day trade, as low as $181.86Price still clear of support at $180 with trading volume increasing over 10 percent Litecoin price analysis for the day shows that the token failed to surpass the resistance point set at $190. Price has slipped down to $185 at the time of writing, after a high of $195.49. If price falls further below support at $170 it is expected to serve as ground work for another bullish push to come. However, to serve up a withstanding push, traders may need sufficient evidence that the $200 mark can be reached. LTC followed the larger cryptocurrency market in showing reds on intra-day trade, led by Ethereum’s 6 percent decline to $3,400. Bitcoin also halted its progress to dip around 1 percent to sit just above $47,000. Altcoins plummeted as well, with Solana dipping 7 percent, Cardano 2.5 percent, and Polkadot 3 percent. Conversely, Dogecoin upped almost 1 percent to sit above $0.24. Litecoin price analysis: Cryptocurrency heat map. Source: Coin 360 LTC/USD 24-hour chart: LTC declines steeply after promising momentum On the 24-hour chart for Litecoin price analysis, it can be seen that after claiming momentum at the start of the week, price for LTC fell heavily. Price went as high as $238 on September 13, only to be sidelined by seller momentum kicking in and starting ...

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